Why Ray Dalio says SVB collapse is a ‘canary within the coal mine’

That’s the just lately retired Ray Dalio, weighing in by way of his standard LinkedIn web page to supply his ideas on the collapse of Silicon Valley Bank, or SVB, and the regulatory response.

SVB, whose shopper base was closely concentrated amongst venture-capital startups, was closed by California’s financial institution regulator on Friday, whereas New York’s Signature Bank was shut down on Sunday — they adopted the sooner closure of Silvergate Capital. Federal regulators late Sunday introduced that SVB depositors, together with these with deposits above the…